Associate Director, AML Governance (18-month contract)

Equitable Bank; Toronto; Hybrid; CAD 125,000 - 150,000; Full time

Job summary

A leading Canadian financial institution is seeking an experienced AML Compliance Manager in Toronto. The role involves developing oversight programs, managing compliance risks, and leading a team of Compliance Officers. Candidates must have over 7 years of experience in financial services and strong leadership skills. The position offers a hybrid work environment, competitive compensation, and comprehensive benefits.

Benefits

Competitive bonus

RRSP match

Comprehensive benefits

Employee Share Purchase Plan

Generous vacation

Qualifications

• 7+ years of experience in Canadian financial services, particularly in AML / ATF.
• CAMS certification or plan to obtain it within 12 months.
• Minimum 4 years of managerial experience.

Responsibilities

• Develop and oversee AML / ATF internal controls.
• Lead advisory and training on AML / ATF standards.
• Manage a team of Compliance Officers.

Skills

Leadership skills

Analytical skills

AML / ATF expertise

Communication skills

Education

University degree in Business, Law, or Accounting

Tools

Microsoft Office

Job description

Governance

• Develop an independent oversight program to ensure AML / ATF internal controls and procedures operate effectively.
• Oversee the development and recommendation of strategies to improve or update existing AML / ATF controls or create new controls to effectively manage ML / TF risk.
• Develop data-driven materials to report on AML / ATF compliance status to senior management, the Board, and regulators.
• Lead the remediation of findings from Internal Audit or regulators.
• Create, maintain, and implement programs for identifying, quantifying, and managing AML / ATF regulatory compliance risks enterprise-wide.

Policies and Procedures

• Develop and maintain enterprise-wide AML / ATF policies and programs to manage ML / TF risks and meet regulatory standards.
• Support senior leadership in implementing, overseeing, and reporting on AML / ATF programs.
• Monitor regulatory and internal changes to recommend policy updates and provide regular updates to the AML department.
• Identify policy gaps and issues, providing recommendations for remediation.
• Assist in evaluating new or changed products, services, policies, and systems for compliance risks, suggesting controls to mitigate these risks.

Advisory and Training

• Build relationships with senior business unit staff to understand AML / ATF risks and provide guidance.
• Serve as an escalation point for AML / ATF inquiries and issues, ensuring compliance with laws and regulations.
• Lead advisory, training, and guidance on AML / ATF standards and practices.
• Monitor emerging AML / ATF legislation, trends, and risks, providing recommendations to the AML Director.
• Stay current with sanctions, FATF publications, and AML / ATF landscape developments.
• Participate in workshops, seminars, and conferences to maintain expertise, including maintaining CAMS certification.
• Provide updates on key AML / ATF developments to the Director, AML.
• Develop and deliver AML / ATF training programs at enterprise and business unit levels, managing training and certification processes.

General

• Lead a team of Compliance Officers, fostering a collaborative and innovative work environment.
• Build a capable team to monitor and test ML / TF risks, including coaching and training staff.
• Promote a positive, collaborative work environment that encourages continuous improvement.
• Empower staff with resources and tools for success.
• Recommend updates to monitoring and testing activities based on regulatory and internal changes.

Let's Talk About You!

• A university degree in Business, Law, or Accounting.
• 7+ years of Canadian experience in financial services, including AML / ATF systems and controls.
• CAMS certification or plan to be certified within 12 months.
• At least 4 years of managerial experience.
• Strong leadership skills and ability to set examples.
• Experience managing AML / ATF compliance, risk management, and related regulations.
• Expertise in AML / ATF legislation and guidelines.
• Lending or retail banking experience is an asset.
• Excellent analytical, research, and risk assessment skills.
• Ability to handle multiple priorities and manage time effectively.
• Strong communication skills, including public speaking and relationship building.
• Proficiency in Microsoft Office and web navigation.
• French language skills are an asset.

What we offer: [For full-time roles] Competitive bonus, RRSP match, comprehensive benefits, Employee Share Purchase Plan, maternity/paternity top-up, generous vacation, virtual events, professional development allowance, and career growth opportunities. The role is hybrid, based at 2200-25 Ontario Street, Toronto, ON.